This vacant lot, located at 153-155 Main St in Hackensack, NJ 07601, presents a significant opportunity within a rapidly evolving urban landscape. The property is an integral part of Hackensack's comprehensive redevelopment plan, which is set to introduce approximately 4,000 new residences, alongside new parks, plazas, and retail spaces. This strategic positioning is designed to capitalize on the area's projected growth and increased activity.
Further enhancing its investment appeal, the site is situated within a designated Opportunity Zone, offering potential tax benefits for qualifying investments. The zoning classification is B-2, the Central Business District, which is specifically designed to cultivate a dense and walkable downtown environment. This zoning framework primarily permits a wide range of commercial and residential uses, including retail shops, office buildings, restaurants, entertainment venues, personal services, and multi-family residential housing.
The B-2 zoning classification actively encourages mixed-use development, allowing for the integration of various functions within a single project. This makes the property at 153-155 Main St particularly well-suited for developers looking to create dynamic, multi-faceted projects that can serve the growing needs of the community. The potential for diverse development aligns with the city's vision for a revitalized downtown core.
This offering represents a rare chance to acquire a parcel of land positioned to benefit directly from a major urban transformation. The ongoing redevelopment initiatives in Hackensack are poised to create a more vibrant and economically robust environment, making this an opportune moment to invest in the area's future. The property is available for sale as an investment or for an owner-user seeking a prime location for their business operations.
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